Emerging countries' debt payments to private lenders dwarf those to China

Debt Payments Overview: Research indicates that lower-income countries are paying three times more to private lenders than to China, highlighting the significant role of commercial high-interest lenders in their debt crises.

Current Debt Situation: Many developing nations, including Ethiopia, Ghana, and Zambia, are engaged in complex debt restructuring negotiations as they face unsustainable debt levels amidst rising borrowing costs and shrinking concessional financing.